BTCC
/
BTCC Square
/
Coindesk
/
Cetus—Sui’s Top Liquidity Hub—Gutted by $260M Exploit; Token Tanks 90%
Cetus—Sui’s Top Liquidity Hub—Gutted by $260M Exploit; Token Tanks 90%
6
2
Another day, another crypto bloodbath. Cetus, the leading liquidity provider for the Sui blockchain, just got carved open in a $260 million security breach—sending its token into freefall.
Who needs banks when DeFi rug-pulls itself? The exploit vaporized confidence faster than a meme coin’s utility, with Cetus’ token shedding 90% of its value overnight. Traders are left holding the bag while ’anonymous hackers’ add another trophy to their ledger.
Here’s the kicker: the attack didn’t even need sophisticated tech—just the usual mix of overleveraged protocols and wishful thinking. Stay tuned for the inevitable ’we’re improving security’ post-mortem that always follows these fiascos.
: Updates headline and story with additional details.
By:
http://www.coindesk.com/markets/2025/05/22/sui-networks-cetus-protocol-hit-in-apparent-hack-sending-token-prices-down-90
Related articles
- BTCC Reports Remarkable Q2 2025 Performance with $957 Billion Trading Volume
- BTCC Maintains 135% Total Reserve Ratio in June 2025
- BTCC Celebrates 14th Anniversary with Launch of First-Ever User Badge Program
- BTCC Exchange Appoints Dan Liu as CEO Ahead of 14th Anniversary Milestone
- An Insightful AMA on Trump’s Executive Orders and Crypto’s Future 🔥
- BTCC OG Week: We talked about meme coin predictions for 2025 🔥
